HCLTECH

breakdown of head and shoulder

HCL Tech appears to be forming a long-term Head & Shoulders breakdown structure on the monthly chart, with the recent sharp decline threatening the neckline zone. The right shoulder failed to make a meaningful higher high, while price has now slipped below the rising support trendline, indicating weakening long-term momentum. If the breakdown sustains on monthly closing basis, it could signal a larger trend reversal phase rather than just a temporary correction.